Sizing and Forecast
The primary health care service market size has grown strongly in recent years. It will grow from $407.38 billion in 2023 to $430.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to the rise of managed care, epidemiological transition, healthcare reform initiatives, and the patient-centered medical home (PCMH) model.
The primary health care service market size is expected to see strong growth in the next few years. It will grow to $540.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to health education and awareness, patient preferences and expectations, collaboration and integration, healthcare expenditure and funding, and quality of care metrics. Major trends in the forecast period include 3D printing and bioprinting, wearable sensors and IoT devices, digital stethoscopes and point-of-care diagnostics, personalized nutrition and wellness, gamification, and behavioral economics.
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Segmentation & Regional Insights
The primary health care service market covered in this report is segmented –
1) By Service: Injury, Preventive Care, Chronic Conditions, Acute Conditions, Pre Or Post-Surgery
2) By Mode Of Consultation: Virtual, Physical
3) By Age Group: Infants, Pediatrics, Adults, Geriatrics
4) By Provider: Hospitals, Clinics, Outpatient Department, Other Providers
North America was the largest region in the primary health care service market in 2023. The regions covered in the primary health care service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising emphasis on preventive care is expected to propel the growth of the primary health care service market going forward. Preventive care encompasses healthcare services and interventions aimed at preventing disease, detecting health conditions early, and promoting overall health and well-being. The increasing focus on preventive care within primary health care services indicates a deliberate move towards proactive management of healthcare to lower healthcare expenses and enhance long-term health results. Investing in preventive care within primary health care services is essential for reducing healthcare costs, improving health outcomes, and promoting long-term sustainability. For instance, in March 2024, according to a report published by Eurostat, a Luxembourg-based government statistical agency, in 2021, preventive healthcare spending in the EU rose by 88.2% compared to 2020, reaching 0.65% of GDP, with immunization programs accounting for a significantly increased share of overall preventive care expenditure, climbing from 13.7% in 2020 to 29.1% in 2021. Therefore, the rising emphasis on preventive care is driving the growth of the primary health care service market.
Key Industry Players
Major companies operating in the primary health care service market are UnitedHealth Group, CVS Health Corporation, Centene Corporation, Kaiser Permanente, Humana Inc., HCA Healthcare, Ascension Health, Providence Health & Services, Tenet Healthcare, Mayo Clinic, AdventHealth, Sutter Health, Intermountain Healthcare, Mount Sinai Health System, Cleveland Clinic Foundation, Dignity Health , Baylor Scott & White Health, Cedars-Sinai Medical Center, Cerner Corporation, Trinity Health Corporation, Massachusetts General Hospital, Arthrex Inc., Apollo Hospitals Enterprise Limited, UCSF Health , Primary Health Care Corporation
The primary health care service market report table of contents includes:
1. Executive Summary
2. Primary Health Care Service Market Characteristics
3. Primary Health Care Service Market Trends And Strategies
4. Primary Health Care Service Market – Macro Economic Scenario
5. Global Primary Health Care Service Market Size and Growth
….
32. Global Primary Health Care Service Market Competitive Benchmarking
33. Global Primary Health Care Service Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Primary Health Care Service Market
35. Primary Health Care Service Market Future Outlook and Potential Analysis
36. Appendix
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